pick up on the situation where they are holding profits overseas and not returning any of it for use in the USA. Why? Because the profits that are not taxed in the overseas operations would be taxed when they bring it back.
This is where they could consider a reduced tax for off shore profits brought home. At least there would be some taxes provided by one of America's largest companies...AND THE SUPPOSED TRILLIONS HELD OFF SHORE COULD BE PUT TO USE TO HELP AMERICA.

There is no doubt what so ever that GE and many others are leveraging the tax laws and loop holes to their benefit.


If you want a real shocker just google companies that do not pay taxes in America. You will be surprised at how many American companies pay little or no taxes. And you will also be surprised to find how many foreign owned companies pay zero taxes.

I don't care how one paints what they are doing or how it "may" look...they are avoiding paying taxes by design.

I suggested once before, all working folks should jack up their dependents for a 3 month period. This would drive their tax with held to a minimal or zero number. Then let's see what the response of the government would be. It is legal to do so as one has to settle up at tax return time. But it would have the intended effect...what if we all did like GE and manipulated to not have to pay taxes.

VK has the best call...............BALONEY!!!!!!!!!!!

BTK